The Report: Qatar 2017

  • ID: 4471230
  • Country Profile
  • Region: Qatar
  • 264 pages
  • Oxford Business Group
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FEATURED COMPANIES

  • Ahli Bank
  • FIFA
  • Manateq
  • Public Works Authority
  • Qatar Central Bank
  • Qatar National Bank
  • MORE

Qatar has responded strongly to the trade blockade that cut off many of the country’s supply routes for goods, ranging from construction materials to milk, and has swiftly realigned key trading routes. Meanwhile, many in the local business community are optimistic about the opportunities for in-country value creation that the blockade has afforded. Qatar’s economy has remained better insulated to the effects of oil price volatility than many of its neighbours in recent years thanks to its large financial buffers, as well as the unintended countercyclical effects of its infrastructure investment boom.

A return of oil prices to above $50 a barrel is nevertheless welcome to an economy that had started to strain as a result of tightening liquidity conditions. Resurgent energy prices will also provide a strong platform from which the government can continue towards its 2022 FIFA World Cup commitments, and also launch its new six-year strategic plan, which will further efforts towards the economic diversification objectives outlined in Qatar National Vision 2030.

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FEATURED COMPANIES

  • Ahli Bank
  • FIFA
  • Manateq
  • Public Works Authority
  • Qatar Central Bank
  • Qatar National Bank
  • MORE

COUNTRY PROFILE

  • Still prospering: Growing economy continues to provide a high standard of living
  • Stimulating sufficiency: Recent diplomatic difficulties encourage local industry expansion
  • Viewpoint: Sheikh Tamim bin Hamad Al Thani, Emir of Qatar
  • Making new friends: Visa-free programme set to mitigate fallout from the regional blockade
  • Interview: Prime Minister and Minister of the Interior Sheikh Abdullah bin Nasser bin Khalifa Al Thani

ECONOMY

  • Balancing act: Diversification and development are aiding recovery
  • Interview: Sheikh Ahmed bin Jassim bin Mohammed Al Thani, Minister of Economy and Commerce; and Vice-Chairperson, Qatar Investment Authority
  • Interview: Abdulaziz bin Nasser Al Khalifa, CEO, Qatar Development Bank
  • Measured responses: As global oil prices begin to recover, the government is forecasting a declining deficit
  • Changing plans: Six-year blueprint places emphasis on private sector development and entrepreneurship
  • Strategy for growth: Small and medium-sized enterprises to spur diversification

TRADE & INVESTMENT

  • Open for business: Increased flexibility is encouraging new waves of foreign and private investment
  • Interview: Fahad Rashid Al Kaabi, CEO, Manateq
  • Together for growth: A new partnership framework is at the heart of the infrastructure investment push
  • Interview: Yousuf Mohamed Al Jaida, CEO and Board Member, Qatar Financial Centre Authority

BANKING

  • Notable changes: Solid policy decisions set sector on the right path
  • Digital shake-up: Under new market conditions, financial technology is fast changing the sector’s landscape
  • Interview: Sheikh Abdulla bin Saoud Al Thani, Governor, Qatar Central Bank
  • Towards consolidation: A wave of mergers is on the cards, as the cost of borrowing rises and growth decelerates among some lenders
  • Interview: Ali Ahmed Al Kuwari, Group CEO, Qatar National Bank
  • Interview: Abdul Hakeem Mostafawi, CEO, HSBC Qatar
  • Smooth flows: Following tightening conditions in 2016, measures have been put in place to boost liquidity
  • Interview: Sheikh Faisal bin Abdulaziz bin Jassem Al Thani, Chairman and Managing Director, Ahli Bank

CAPITAL MARKETS

  • Strategic value: A range of new instruments and regulations help integrate the exchange into global markets
  • All in the family: Family-owned businesses are being encouraged to list publicly

ISLAMIC FINANCIAL SERVICES

  • Branching out: Key players in the industry look to expand internationally as part of future growth strategies
  • Maturing framework: Islamic banking is increasingly well integrated within the local financial system
  • Interview: Bassel Gamal, Group CEO, Qatar Islamic Bank
  • Rising issuance: Sharia-compliant bonds become a permanent fixture in regional finance, with yields beginning to rise across the board

INSURANCE

  • Sustained coverage: A host of large-scale infrastructure projects and the country’s growing population support the sector through the economic slowdown
  • Health care reform: The implementation of a new medical insurance scheme is anticipated to strengthen the sector

ENERGY

  • Maintaining prominence: Developments and upgrades to keep Qatar on top of the global energy market
  • Interview: Mohammed bin Saleh Al Sada, Minister of Energy and Industry
  • Better together: Mergers and integration aim to streamline energy sector
  • Global investor: International gas investments to boost growth and expand Qatar’s global influence

UTILITIES

  • Poised for growth: Capacity increases in power and water are key to supporting continued economic expansion
  • Interview: Essa bin Hilal Al Kuwari, President, Qatar General Electricity and Water Corporation
  • Staying current: Numerous infrastructure investments are being rolled out to further modernise the electricity network

INDUSTRY

  • Make a move: Boosting efficiency will be key to maintaining sector growth
  • The right environment: New programmes and strategies are creating a platform for start-ups and small and medium-sized enterprises

TRANSPORT

  • A flurry of activity: Major projects to prepare for the 2022 FIFA World Cup and meet long-term development goals
  • Interview: Jassim bin Saif Ahmed Al Sulaiti, Minister of Transport and Communications
  • Flagship projects: Spending in all modes of transport is gathering pace
  • Interview: Abdulla bin Abdulaziz bin Turki Al Subaie, Managing Director and CEO, Qatar Rail
  • Up, up and away: The state is bolstering its airport capacity as passenger numbers rise

CONSTRUCTION

  • On time: A growing population and upcoming tournament are creating much activity
  • Building blocks: The raft of new projects is likely to affect materials prices
  • Interview: Saad bin Ahmad Al Muhannadi, President, Public Works Authority
  • Going green: New eco-friendly standards
  • Interview: Eisa Al Hammadi, CEO, Qatar Primary Materials Company
  • World Cup fever: Infrastructure plans underway

REAL ESTATE

  • Prime mover: In a bid to ensure there are sufficient facilities for the hosting of the 2022 FIFA World Cup, oversupply may become a challenge
  • Interview: Nabeel Mohammed Al Buenain, Group CEO, Qatari Diar

TELECOMS & IT

  • Ahead of the game: Increasing connectivity and building up small tech businesses are priorities in the expansion of the sector
  • A solid start: Incubators, free zones and funding initiatives are providing support for new tech businesses
  • Interview: Ahmad Mohamed Al Kuwari, CEO, MEEZA

TOURISM & CULTURE

  • Preparing for guests: Infrastructure upgrades are set to drive new demand
  • Interview: Hassan Al Ibrahim, Acting Chairman, Qatar Tourism Authority
  • Interview: Sohair Wastawy, Executive Director, Qatar National Library
  • Resilience is key: New supply and greater diversity are expected to aid recovery in the hospitality segment

EDUCATION & RESEARCH

  • Steady progress: Demand for private schooling remains high while the research sector develops
  • Purposeful partnerships: International institutions open new branches and public universities engage the private sector
  • Roundtable: Hassan Al Derham, President, Qatar
  • University; and Ahmad Hasnah, President, Hamad bin Khalifa University
  • Interview: Hamad Al Ibrahim, Executive
  • Vice-President, Qatar Foundation Research and Development; and Chairman, Qatar Science & Technology Park

HEALTH

  • All hands in: Private sector care is needed for an ageing population and lifestyle-related diseases
  • Making room: A favourable climate welcomes increased private health care participation
  • Interview: Hanan Mohamed Al Kuwari, Minister of Public Health

SPORTS

  • Eye on the ball: Events hosting has played a chief role in positioning the country on the world stage
  • Interview: Hassan Al Thawadi, Secretary-General, Supreme Committee for Delivery & Legacy

MEDIA

  • Tuned in: The country maintains a strong standing in regional and international markets
  • What is trending: Online platforms are beginning to shape the media landscape

RETAIL

  • Reaching the peak: A number of major mall openings have seen the sector expand significantly in 2017
  • Hyperactivity: Supermarket chains rush to meet increasing demand for variety

TAX

  • PwC
  • Paid in full: An overview of local tax regulations
  • Adding up: Value-added tax and excise tax
  • Interview: Wadih AbouNasr, Country Senior
  • Partner, PwC Qatar LEGAL Al Sulaiti Law Firm
  • A roadmap for investors: Rules governing foreign investment and company registration
  • Legal matters: New rules and regulations
  • Interview: Mubarak Bin Abdulla Al Sulaiti, Chairman, Al Sulaiti Law Firm

THE GUIDE

  • Comfortable stays: Hotel listings
  • Listings: Important phone numbers
  • Facts for visitors: Useful information for business and leisure travellers
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  • Ahli Bank
  • Al Sulaiti Law Firm
  • FIFA
  • Hamad bin Khalifa University
  • HSBC Qatar
  • Manateq
  • MEEZA
  • Public Works Authority
  • PwC Qatar
  • Qatar Central Bank
  • Qatar Financial Centre Authority
  • Qatar Islamic Bank
  • Qatar LEGAL Al Sulaiti Law Firm
  • Qatar National Bank
  • Qatar National Library
  • Qatar Primary Materials Company
  • Qatar Rail
  • Qatar Science & Technology Park
  • Qatar Tourism Authority
  • Qatari Diar
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